Tag: #EFG Hermes
EFG Hermes unveils enhanced custody and asset servicing platform
The new platform offers coverage in more than 40 markets across MENA, sub-Saharan Africa, Southeast Asia, Europe, and North America
EFG Hermes buys minority stake in Danish fintech, Kenzi Wealth
The acquisition of a minority stake in Kenzi Wealth represents EFG Hermes’ significant commitment to driving innovation in the fintech sector
EFG Hermes ONE secures FRA approval to operate digital onboarding eKYC
The cutting-edge solution is a pivotal component of EFG Hermes ONE’s mission to promote financial inclusion in Egypt
EFG Hermes concludes advisory on Al Arafa for Investment demerger
The demerger is aimed at carving out the essence of style and industry prowess, housed within Concrete, from the array of strategic investments held by Gtex
EFG Holding posts EGP 14.7 billion in full-year revenues
The group’s net profit rose 47% YoY to EGP 3.2 billion in 2023, supported by the increase in profit at its brokerage division, asset management, Valu, and aiBANK
Orascom Development Egypt secures EGP 6 billion syndicated loan
EFG Hermes acted as the sole financial adviser, lead manager and bookrunner on the transaction
EFG Holding Q2 2023 revenue soars to EGP 3.1 billion
The bank’s operating profit in the three months to June 30 reached EGP 988 million, up 46% y-o-y despite an increase in group operating expenses
EFG Hermes Holding rebrands to EFG Holding
The change in the brand name of the holding company will not impact the current management structure and reporting lines
EFG Hermes’s Q1 2023 profit jumps 157% to $28.6 million
The bank said its net profit after tax and minority reached $28.6 million (EGP 885 million) in Q1 2023
EFG Hermes’ aiBank posts EGP 525.6 million FY net profit
aiBank’s outstanding business results follows its acquisition by EFG Hermes and the Sovereign Fund of Egypt